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FOX Business
Nov 28, 2012 9:20am EST
baldwin is ringing the alarm bells, california, illinois, new york, ohio and seven others have more takers than makers and they are in a death spiral. that's his words. all right, to the powerball lottery. the prize is aahalf billion dollars, how do you feel about paying a 50% tax the moment you buy the ticket and if you win giving another third to the feds. still want to stand in line, your odds 1 in 175 million. the president or should we say campaigner in chief, he'll be on the road and the union campaigns, and the message no entitlement reform in any fiscal cliff deal. and more, ollie north on record gun sales, mike reagan on california and isaacs on warren buffett. here we go. "varney & company" is about to begin. looking for a better place to put your cash? here's one you may not he thght of -- fidelity. now you don't have to go a bank get the things you want from a bank, like no-fee atms all over the world. free checkwriting and mobile deposits. now depositing a check is easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your
KRON
Nov 7, 2012 5:00pm PST
feinstein lever for a full term in office. california voters have 11 propositions. among them was proposition 30 the governor's temporary tax measures. the initiative passed by 700,000. dan kerman has the governor's reaction. >> the election last night was a clear and resounding victory for children, schools and the california dream. >> governor jerry brown took his victory lap applauding the voters. and of the people have put their trust in a bowl path forward and i intend to do everything in my power to honor that trust. >> if that would have filled the water triggered massive cuts to education with a shortening of the school of k-12. and tuition increases at the university level. >> we are not seeing those big cutbacks in higher education for going forward. we are going to see about $2,500 per student going into over schools in california for the next four-five years. >> the governor says that there is not going to be any pinch spending with the temporary tax increases instead, the state will pay its bills and invest inright prt this has passed the voter isn't asking to see
CSPAN
Nov 11, 2012 6:00pm EST
increases on tax earners. proposition 30. -- in california, voters approved proposition 30. the political climate for tax increases seems different. >> another poll is today said 63% said no to higher taxes. if you look at the collection of polls, you can sometimes get a plurality of americans say why somebody else. do you believe they raise it on somebody else and they use it to pay down the debt? we think they will spend it. the same californians setup do you want to raise cigarette taxes so we can spend it on cool stuff? they said no. cigarette taxes. 8% of the population, why don't we jump them? they voted no. washington state voted to not have a tax on millionaires. people finally look at the amount of money that jerry brown had to spend to get that initiative across the finish line. it is not a strong argument that is a popular thing. i am all in favor of california experimenting on itself. i think it is a fair to do a more of a petri dish in california, but they are having an experiment. most americans have been leaving california. people from california leave. states like maryland
FOX
Nov 7, 2012 6:00pm PST
california on a more solid fiscal footing. >> this takes time and effort but we are on a correct glide path. and the rating agencies gun to put our -- begun to put out their commentary on how california is on a stable path. >> it will raise the sales tax and increase income taxes for people who make $250,000 a year for the next 7 years. >>> the superintendent said today parents and students across the state can breathe a sigh of relief knowing our schools will have the resources for the remainder of the year. >>> californians approved 5-11 ballot measures. the tax measure made the cut, so did prop 35, increases prison sentences and fines for human trafficking convictions. and prop 36, which revises law to impose life sentence only when new felony conviction is serious or violent and the increase on out of state businesses and new state district lines. voters defeated prop 31, and prop 32. a measure to set insurance prices based on a person's history was defeated. they also rejected a second tax measure to raise money for public education. >>> it hasn't happened in 79 years but tonight democ
CNN
Nov 11, 2012 9:00am EST
's results with california governor jerry brown. plus, cnn's dana bash looks at the grand old party and the new electral with republicans, former democratic congress john huntsman, cathy mcmorris-rogers, carlos gutierrez, and conservative activist gary bauer. i'm candy crowley, and this is "state of the union." >>> good morning from california. the state that led the tax cut revolution in the late 1970s, but this last tuesday voted to raise taxes. we'll talk to governor jerry brown later in the show, but, first, that fiscal cliff. those tax hikes and spending cuts scheduled take place at the end of the year unless congress acts. president obama and house speaker john boehner picked up where they left off in dualing public appearances where both sounded consillatory, but didn't seem to budge much. must add to the president's to do list one more thing. he needs a cia director after general david petraeus resigned admitting to an extramarital affair. joining me now is robert menendez, later chairman of the house homeland security committee. good morning, senator. it's good to see you.
FOX Business
Nov 10, 2012 6:00am EST
. this is a mute point in california right now. they had two different propositions, two, to raise taxes, not just on the upper income, but everybody. californians agreed to it, both measures, overwhelmingly. that state's former governor davis on the meaning of that for the nation after this. neil: i was thinking if only former colorado governor had this wind at his back, californiaians voting to approve hiking taxes on themselveses, one on the wealthy, and another on all of us, what they approved there. governor, had you had this, you would have finished your term. >> i probably would have, neil, but, you know, i don't think we should spend too much time with the should have, would have, could have. neil: that's right. i said tat, had i had salad and broccoli, but, governor, let me ask about what this means now and how much wiggle room it gives legislators and governor brown today. if they are open to tax hikes, opponents of the hikes say, well, be careful what you wish for because cutting spending is not nearly as profound as the zeal to raise taxes. you left a whacky geneny -- genie out of the
FOX Business
Nov 9, 2012 11:00pm EST
sort. this is a mute point in california right now. they had two different propositions, two, to raise taxes, not just on the upper income, but everybody. californians agreed to it, both measures, overwhelmingly. that state's former governor davis on the meaning of that for the nation after this. 4g lte is the fastest. so, which supeast 4g lte service would yochoose, based on this chart ? don't rush into it, i'm not looking for the fastest answer. obviously verizon. okay, i have a different chart. going that way, does that make a diffence ? look at verizon. it's so much more than the other ones. so what if we just changed the format altogether ? isn't that the exact same thing ? it's pretty clear. still sticking with verizon. verizon. more 4g lte coverage than all other netwos combined. neil: i was thinking if only former colorado governor had this wind at his back, californiaians voting to approve hiking taxes on themselveses, one on the wealthy, and another on all of us, what they approved there. governor, had you had this, you would have finished your term. >> i probably would have,
FOX News
Nov 10, 2012 11:00am PST
't-- >> and when we come back from collective bargaining, to gay marriage in maryland, to a tax hike in california and look how big ballot measures fared across the country. where others fail, droid powers through. introducing the new droid razr maxx hd by motorola. now more than ever droid does. >> we have a vote of the people. i think the only place in america where a state actually said, let's raise our taxes for our kids, for our schools, for our california dreams. >> a big night for democrats, including california governor jerry brown, whose plan to balance the state budget or try to with a 6 billion dollar tax hike was 64% of the vote. it wasn't such a big night of the unions, the greatest defeat perhaps in michigan, 58% of voters rejected a measure to put collective bargaining in the confusi constitution. connell, you covered the michigan results. that's a big union state. what happened? >> boy, paul, this is a huge defeat for the unions in michigan, no question about it. basically the voters looked at this and they said they weren't willing to be union's guinea pig for the plan to get the
FOX News
Nov 11, 2012 12:00pm PST
in maryland, to a tax hike in california and l l l l l [ rosa ] i'm rosa and i quit smoking with chantix. when the doctor told me that i could smoke for the first week... i'm like...yeah, ok... little did i know that one week later i wasn't smoking. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and call your doctor right away. tell your doctor about any history of depression or other mental health problems, which could get worse while taking chantix. don't take chantix if you've had a serus allergic or skin reaction to it. if you develop these stop taking chantix and see your doctor right away as some can be life-threatening. if you have a history of heart or blood vessel problems, tell your doctor if you have new or worse symptoms. get medical help right away if you have symptoms of a heart attack. use caution when
PBS
Nov 11, 2012 6:00pm PST
is changing, nina. >> it is. after losing proposition aids in california, democrats were devastated -- proposition 8 in california, democrats were devastated. people talk about marriage, love, commitment. they changed the message. they wanted what everyone else wanted and people understood that and they are beginning to succeed everywhere except the south. >> jerry brown got the tax in california. >> jerry brown did something for which he deserves credit. he was elected governor and he said i will not raise taxes unless i have the approval of the people of this date. to rescue the state's of california public school system, he went and said we need a tax increase. we need a tax increase of billions. and they voted for ed. i say hat's off to him and to californians for stepping up. >> legalizing marijuana nationwide? >> hats off also for the date marriage issue to joe biden who stepped up and said -- for the gay marriage issue it to joe biden who stepped up and said he was born at. that set a tone for the president and the vice president of the united states to come out that way. and
FOX
Nov 9, 2012 7:00am PST
the passing of the proposition in california. schools will receive $14 billion more over the next four years than they would have if the measure had failed. high-earning californians may have to recalculate their budgets. under prop 30, people making more than $250,000 a year will pay up to 3% more in income taxes than in previous years. that's retroactive. and the sales tax is going up .25. >>> in a short while, some people will get extra help for the holidays. janine de la vega live in san jose where about 100 people camped out overnight in the rain and the cold. so janine, what are they waiting for? >> reporter: they are waiting for a holiday giveaway. it's cold out here. it's in the mid-40s. for these people waiting here, it's been a rough night. despite that they have camped out. they've had tarps and tents. some of them umbrellas. they are huddled up with blankets. a short while ago, volunteers started handing out coffee to warm some of these people up. they are all waiting to register for this holiday giveaway here at the sacred heart community. more than 250 people are waiting in li
CNN
Nov 11, 2012 9:00am PST
bob menendez and new york congressman peter king. then dissecting tuesday's results with california governor jerry brown. plus, cnn's dana bash looks at the grand old party and the new electorate with a foursome of republicans. former presidential candidate jon huntsman, congresswoman cathy mcmorris-rodgers. former commerce secretary carlos gutierrez, and conservative activist gary bauer piem candy crowley. and this is "state of the union." >>> good morning from california. the state that led the tax cut revolution in the late '70s but this past tuesday voted to raise taxes. we'll talk to governor jerry brown later in the show. but first, that fiscal cliff. those tax cuts and spending hikes scheduled to take place at the end of the year unless congress acts. president obama and john boehner picked up where they left off in dueling public appearances where both sounded conciliatory but didn't seem to budge much. you must add to the president's to-do list one more thing. he needs a cia director after general david petraeus resigned, admitting to an extramarital affair. joining me now
Current
Nov 28, 2012 3:00am PST
california, former speaker of the house in california, speaker of the assembly in california is going to be our guest in studio. so will victoria jones from talk radio news be here as a "friend of bill" and danielle from the center for american progress and president obama about to go back on the road campaigning. but first... >> this is the "full court press." >> some other headlines you need to know on this wednesday. staffers in john boehner's office got quite a show yesterday. protestors showed up and stripped completely naked to protest cuts to a.i.d.s. programs. several men and women chanted for about ten minutes in the nude completely. in the speaker's office. though he was not there at the time. "buzzfeed" reports three women were arrested for lewd and indecent acts. the video is readily available online. uncensored. >> bill: why just the women arrested? why weren't the men arrested? >> because the women were more resisting. i guess the men put their clothes on quicker than the women did before -- when
MSNBC
Nov 10, 2012 9:00am PST
select artificial trees. ♪ ♪ >>> head lives making news on the west coast in california the oakland tribune has a front page article titled "shock at exit of cia's leader." it's one of many paperers that put the resignation of general petraeus on their front pages. the seattle times "governor elect jay inches lee let's get to work." and the press telegram in long beach, california has the story "you're fired" with an article on the lakers dismissal of second year coach mike brown. in this week's office politics, the "washington post's" pulitzer prize winning column eugene robinson. we talked about the election night speeches and how president can better reach across the aisle in his second term. i talked to him about his election takeaway. >> the big takeaway from me, this is the america of today. the voters who really turned out and turned out enthusiastically, the electorate was a different electorate from that which the republicans expected. it was the electorate of the new america. more minorities, especially more latinos. women came out. we knew women would come out in large nu
FOX News
Nov 9, 2012 2:00am PST
. there are implications if it did go over the edge. look at california. >> california is where we are -- california is almost a microcosm to where the country is headed. virtually they are volume canized out there. there is a bunch of different states. the rich live in a few places and the rest of the state is dying. it's a shame, actually. new york times editorial. message to sacramento, tax but don't over spend. you see folks in return for backing proposition 30 voters expect an end to the fiscal shenanigans that sent the state careens from one budget crisis to another. california has a 600 billion state debt. a projected $16 billion deficit. lack what happened? you voted tax increases on yourself and the problem solved. >>> just to give you an idea how much tax california has already paid the national average rate for state and local taxes is 9.8 percent. in california it's 11.8 percent. another big talker this morning the news that iran fired on the u.s. drone over the persian gulf last week, the timing being released raising questions about whether the administration purposely held it until af
CNBC
Nov 7, 2012 7:00pm EST
on in the show, california's prop 30 passes to raise taxes on the wealthy. really? do they never learn that this will only backfire? former san francisco mayor willie brown is up next. i just want to know why we have to kill the california economy. because free market capitalism is always the best path to prosperity. i'm larry kudlow. we'll be right back. i'm a conservative investor. i invest in what i know. i turned 65 last week. i'm getting married. planning a life. there are risks, sure. but, there's no reward without it. i want to be prepared for the long haul. i see a world bursting with opportunities. india, china, brazil, ishares, small-caps, large-caps, ishares. industrials. low cost. every dollar counts. ishares. income. dividends. bonds. i like bonds. ishares. commodities. diversification. choices. my own ideas. ishares. i want to use the same stuff the big guys use. ishares. 9 out of 10 large, professional investors choose ishares for their etfs. introducing the ishares core, etfs for the heart of your portfolio. tax efficient and low cost building blocks to help you keep mo
CNBC
Nov 12, 2012 7:00pm EST
, president of the california business roundtable. hello to both you. ian a you heard mr. hofmeister knows a thing or two about this. we can knock the saudis off and change world politics and changes our balance of trade. will the epa block it, diana? >> well, i don't know but maybe we should listen to what president obama was saying last year. he was brag being the oil and gas development we have in the united states. we got to remind him about that when the new epa regulations come out. so we -- we want to make sure he doesn't bring out those old ozone regulations that he shell of ad couple of years ago because he said they would damage the economy. our economy is growing slower now than it was then. we are really regulating to disaster. >> epa in 2010, diana? $23 billion of regulatory costs for the year 2010. >> that's what epa says. it is really probably a lot more than that. i mean, thee regulations, the mercury, the car ever carbon, ozone, each cost $100 billion each. >> all right. >> they don't have to justify them with benefits because it is maximum achievable control technology. i
Current
Nov 14, 2012 3:00am PST
california is and she'll be here today. so will donna edwards from the state of maryland and of course, eliot spitzer host of "viewpoint" on current tv joins us as he does every wednesday morning. and here's the deal. here's the question. one final shot at general petraeus. if his e-mails were not secure, are yours? are mine? something to think about. privacy out the window. but first -- >> this is the "full court press." >> on this wednesday some other headlines making news, the perk of being first lady. michelle obama is such a big fan of the hit pbs series abby that her office asked for an advance copy of the upcoming season of the program and got from the producer from the united kingdom. the show's third season is currently airing over there in great britain but it doesn't air here in the u.s. until january. the hill reports the producers were more than happy to send mrs. obama dvds of the current season so long as she would not spoil the episodes for the rest of the entire country. >> bill: you have to have
FOX Business
Nov 10, 2012 6:00pm EST
on to revenue of any sort. this is a mute point in california right now. they had two different proposositions, two, to raise taxes, not just on the upper income, but everybody. californians agreed to it, both measures, overwhelmingly. that state's former governor davis on the meaning of that for the nation after this. 4g lte is the fastest. so, which supeast 4g lte service would yochoose, based on this chart ? don't rush into it, i'm not looking for the fastest answer. obously verizon. okay, i have a different chart. going that way, does that make a difference ? look at verizon. it's so much more than the other ones. so what if we just changed the format altogether ? isn't that the exact same thing ? it's pretty clear. still sticking with verizon. verizon. more 4g lte coverage than all other networks combined. but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lu
FOX Business
Nov 11, 2012 6:00pm EST
in california right now. they had two different propositions, two, to raise taxes, not just on the uper income, but everybody. californians agreed to it, both measures, overwhelmingly. that state's former governor davis on the meaning of that for the nation after this. new pink lemonade 5-hour energy? 5-hour energy supports the avon foundation for women breast cancer crusade. so i can get the energized feeling i need and support a great cause? i'm sold. pink lemonade 5-hour energy? yeah and a portion of every sale goes to the avon foundation for women breast cancer crusade. i'm sold. new pink lemonade 5-hour energy. get the alert, energized feeling you need and support breast cancer research and access to care. why? i thought jill was your soul mate. no, no it's her dad. the general's your soul mate? dude what? no, no, no. he's, he's on my back about providing for his little girl. hey don't worry. e-trade's got a killer investing dashboard. everything is on one page, your investments, quotes, research... it's like the buffet last night. whatever helps you understand man. i'm watching you. oh y
MSNBC
Nov 30, 2012 8:00am PST
, democrat from california. senator, it is great to have you with me this morning. >> thank you. >> just for everybody that's watching, i want to break down what the proposal is from the president that was offered yesterday. $1.6 trillion in tax cuts. $400 billion in cuts to medicare and other entitlement programs. $50 billion additional in stimulus spending. no real structural reform to entitlement programs. no spending cuts. instead, stimulus spending. obviously, the president knew that this would be an unacceptable first offer. so what is the end game here? where is the president's bottom line? >> listen, this is a negotiation. it isn't about the president's bottom line or my bottom line or yours. it's a negotiation. and the sad part is, that the administration, the president, has laid down an offer. there's several things in there we know the republicans like, and yet they refuse to lay down an offer. all they do is come out, and mitch mcconnell laughs, and boehner says it's terrible. there's a fiscal cliff, and this offer isn't good. show me the money, folks. you have the power. you
FOX Business
Nov 19, 2012 8:00pm EST
of hiking income tax rates. states with a lot of tax write offs like california and new york would be hit hard. california money manager says the fiscal cliff face could lead to a lot more problems. i will explain. >> there are different ways to skin the cat. increased tax rates or eliminate loopholes, and if the democrats are going to go down the path to try and find ways to find revenue by increasing taxes or eliminating mortgage interest adoptions on states like california and new york, we both know that on both of these coats, real estate values seem to be the highest in the united states, so if we eliminate that, there will be money to pay to the government as a result. tom: this is becoming clear even before anybody knew who was going to win the election because mitt romney was talking about putting some sort of overall cap which would hurt people with the biggest deductions. and it looks like maybe that is the middle ground then they go for. >> and i think they will come to some middle ground. i think it'll be a temporary fix meaning i don't think this fiscal cliff will be a perman
CNN
Nov 11, 2012 12:00pm PST
every experience in california. we voted for higher taxes in order to fund better education. and i think people are recognizing that fiscal sustainability has a newman rart and a deno, ma'minator. the numerator is about sustaining growth and paying debts. i think it's known that we need to establish both. it's not going to be a big jump, and i think richard is correct in reminding us this is a long haul, and let's focus on both the numerator and the denominator. >> the point steven has just made, and i will point out as well, you cannot have it both ways. you cannot remind us on the one hand that there is a $1.6 trillion deficit and on the other hand say we won't have tax raised. >> this is america. we've been doing that for 25 years. >> that's exactly the problem. you're going into the negotiations saying, ah, we've got to do something about it, but we won't raise tax rates. you can't do it. >> can i make a big point here, think about the cuts in tax and increases which did make t right? you look at the fiscal cliff. that's 7 trillion in ten years with no thought, no nuance, no kind of
WHUT
Nov 8, 2012 6:00pm EST
two co-workers in california and when did to others before taking his own life. the california man behind an anti islam video that sparked local protest has been sentenced to a year in prison. and wednesday, he was ordered to spend 12 months behind bars for violating the terms of his probation from a prior conviction following a 2010 check fraud conviction, he was not allowed to use the internet. under the alias of sam basseley, he produced the "innocence of muslims" which produced outrage in muslim countries after been circulated online. hundreds of people gathered at the university of mississippi wednesday to denounce racism on campus. it was one day after heated protest against president obama's re-election. after the results were announced tuesday night, a crowd of several hundred gathered in anger with some reportedly shouting racial slurs. at least two people were arrested. with the 2012 election in the books, the price tag for combined spending by federal candidates, their parties and outside groups like super pacs totals more than $6 billion. the election's biggest private
FOX
Nov 3, 2012 7:00am PDT
and brings us the high clouds. and a little rain you can see over the northwest corner over california and it is starting to fizzle out. but that will be about it. for the morning hours, we'll would be the high clouds and 1:00, 2:00, it looks like it clears out good. and the second half of the afternoon, we'll have mostly sunny skies. in a nutshell, we have a mild day in store, warmer than yesterday by several degrees. and temperatures mid-60s at the coast to mid-70s inland. take a look at what you can expect for your neighborhood. mid-70s in nevada and 70 in richmond. 71 in oakland, mid-70s in danville and 74 in livermore. 73 in san jose, a nice day for perhaps getting outdoors and having some fun. 72 in redwood city and 70 san mateo, 67 in half moon bay. and the extended forecast shows you a warmer day for sunday. remember, we fall back into the overnight hours tonight and into tomorrow morning. we gain an hour of sleep as we waking up tomorrow morning mostly sunny skies and the temperatures well above normal at this point. as we get into monday and tuesday, we're looking at low to m
FOX
Nov 7, 2012 7:00am PST
time in eight years, people in california vote to raise their own taxes. how the governor convinced them to do it. >>> well, there are new fears of political gridlock in washington. the challenge facing congress as america approaches the fits cal clinch. >>> and trouble on eastbound 24 and find out why westbound 24 is a mess headed the other way. "mornings on 2" starts now. >>> well, good morning to you. welcome to "mornings on 2." i'm dave clark. >> good morning. i'm tori campbell. it's wednesday, november 7th. this morning, the state of florida remains too close to call but president obama has more than the 270 electoral votes needed to win re- election. the race was called after the president captured several battleground states including ohio, colorado, wisconsin and iowa. [ cheers ] >> thousands of supporters cheered as the president, first lady and their two daughters emerged at the victory party. >> while our road has been hard, while our journey has been long, we have picked ourselves up. we have fought our way back and we know in our hearts that for the united states of ame
Current
Nov 8, 2012 3:00am PST
the latest edition of california political week or cal-peak, this speaks to what we were talking about. how the republican party has lost its edge particularly among latinos, women young voters. in california, my state california republican party used to have 63.2% of voter registration. registered voters in california. republicans. today, for the first time, voter -- republican voter registration in california, this is according to cal-peak has fallen below 30%. democrats hold every statewide office and both the united states senators and of course the big majority of the united states congressional delegation. republican party bob mulholland use to the work for me as political director of the party. is quoted as saying wolves have a better chance of getting off the endangered species list than republicans. [ laughter ] >> bill: the more tea party they get the more they leave average americans behind. the more they're in decline as a party. here is a person -- some of that may be up close and personal. ginger gibson, politi
CNBC
Nov 27, 2012 7:00pm EST
't do it. anyway, tyson, thank you. dan mitchell, thank you. now let's talk about california with crashing production and a 13% top state income tax rate. no kidding. no surprise. companies are fleeing the state. but where will they end up? we are about to show you. those little things still get you. for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an
FOX Business
Nov 30, 2012 9:20am EST
in california and workers at the port of los angeles and long beach. most of the terminals shut down and the biggest issue in the dispute is outsourcing, flexing their muscle from coast to coast. two stocks we've been hitting you with. zynga and research in motion. i'm going to look at zynga, does farmville and the popular words with friends. it's now taking another hit as facebook is now allowed to create and send its own games and users of zynga games will not be able to report their progress on the social networking site. that's a big deal. the stock is down 6%. and larry, at dinah link, he's with us. you've been defender of zynga if i'm not mistaken. >> yes, i have. >> are you going to change your tune this morning? >> no, i think it's a good move. there's too much self-reliance on both companies, now they're giving each other a little bit of breathing room. now, zynga is all about on-line gaming, gambling, that's what we're betting on. >> gambling. >> it's not words with friends, it's not farmville, no, it's on-line gambling. >> they are moving to mobile, but the on-line play is
FOX News
Nov 9, 2012 5:00pm PST
say we -- >> -- that's why we need higher revenues. look what california just did. it raised taxes and voted for higher taxes. >> laura: businesses are fleeing california, david. they are leaving california en masse because of the taxes there. >> excuse me silicone valley is one of the strongest economic growth centers in america. hollywood one of the strongest. >> silicone valley and hollywood is not the entire state. silicone valley a lot of countries have moved to nevada and texas, including start up companies that can't start up. bigger companies have much easier time in california but california is in billions of collars of debt because of high taxes and regulations. >> laura, there is more millionaires in california than all the red states combined. this is jmpleghts money doesn't buy you brains. it buys you nice houses in brethrenwood. >> higher revenue. making key investments. >> tell france and portugal and spain that. france is raising the tax rate to 90%. in france businesses are leaving france. >> stop changing, nobody is talking 90%. you always use that number it's tot
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